Plan Goals:  The Vineyards Property Urban Renewal Plan was approved by the Colorado Springs City Council on March 22, 2011.  The site was originally developed, many years ago as a golf course with a clubhouse, restaurant, vineyard and homes. Over the years those uses proved not to be economically viable and the property fell into disrepair.

Environmental issues also made redevelopment difficult and expensive. The current plan is to create a data center/industrial park on 61 acres and dedicate approximately 48 acres of open space and riparian environment to the City of Colorado Springs for park and trail uses. The long range plan includes the development of an “Energy from Waste” power plant that will operate on renewable energy as well as reduce the trash deposited in the County land fill locations. In addition to creating jobs and increasing tax revenues, the development team envisions the establishing a curriculum with the University of Colorado at Colorado Springs that will train a workforce with skills necessary to manage and operate a data center facility.

The vision for the Vineyard property is “to develop one of the nation’s only sustainable data center / industrial campuses which leverages the broad resources of the community to provide an environment that is sustainable, resilient and economically efficient enough to brand Colorado Springs on a national level.”

Current Status:  The developer came before the CSURA Board in September of 2019.  A Commitment letter for a loan in the amount of $7,000,000 to the Vineyards project was submitted in exchange for the Tax Increment Financing pledge from CSURA.  The proceeds of the loan will be used by CSURA for the reimbursement of public improvements under the Redevelopment Agreement.  On December 14, 2022, CSURA board meeting the assignment agreement to transfer the CSURA agreement with Vince Colarelli to Falcon Data Centers for the completion of Vineyards URA was approved.  The agreement closed in July 2026.